In the financial year 2023, India witnessed a notable increase in the compensation of independent directors, with 151 individuals joining the crore-plus pay club compared to 67 in FY18. The data, based on Nifty-500 companies, revealed that the ten highest-paid independent directors earned between Rs 3.21 crore and Rs 6.74 crore.
Raymond managing director Gautam Singhanias estranged wife Nawaz Modi has alleged that the industrialist assaulted her and one of their daughters two months ago in a fit of rage.
She said the episode on September 9 was one of three instances of assault she suffered at his hands. Modi, a fitness coach, was speaking to ET on the sidelines of the launch event of her book on natural anti-ageing techniques. Top legal sources close to Singhania said, in the face of allegations, he will soon seek legal recourse to safeguard his family s interests. In a statement, the industrialist said: "In the interest of my two beautiful daughters, I would like to maintain my family s dignity and I will refrain from offering any comment. Please respect my privacy."
Raymond Chairman & MD Gautam Singhania wants to put wealth in a family trust and be its managing trustee for life. Both sides have lawyered up. Haigreve Khaitan has been appointed as a legal advisor for Gautam Singhania while law firm Rashmi Kant is believed to have been roped in by Nawaz.